Chinese Company Offers To Acquire Control Of A Leading U.S. Battery Maker :: With annual sales of approximately 19 million vehicles, China's auto industry is now, by far, the largest in the world. Not content to be the world's volume leader, though, government and industry leaders now share a common objective: "To make China's auto industry the innovation leader by 2020." To underscore this objective, Clean Energy Vehicles [...]
http://managingthedragon.com/?p81
Cramer Likes Joy Because China Is "Turning Up" :: Mad Money's Jim Cramer likes Joy Global, Inc. (NYSE: JOY) and rates the company a "Buy." Why? In Cramer's view, China is at the bottom of its economic cycle and is turning up. Therefore, the world's second-largest economy will need more coal to make the electricity to power its growth, and with it, the type of mining [...]
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Corporate America takes aim at pension risk :: (ChinaPost.com.tw) - Corporate America is finally ready to deal with a monkey on its back: massive pension obligations.
ATandT Inc on Friday said it plans to contribute a US$9.5 billion stake in its wireless business to its under-funded pension plan. Earlier this week, Verizon Communications Inc. moved to unload US$7.5 billion in pension obligations to insurer Prudential Financial Inc.
http://www.chinapost.com.tw/business/americas/2012/10/22/358512/Corporate-America.htm
India to open economy doors to Bangladesh and Myanmar :: (ChinaPost.com.tw) - India is developing infrastructure in its border areas to increase trade with neighboring countries, Pankaj Saran, the Indian high commissioner to Bangladesh, said yesterday.
http://www.chinapost.com.tw/business/asia/india/2012/10/22/358515/India-to.htm
Vietnam business injected US$1.3 bil. overseas: gov't :: (ChinaPost.com.tw) - Vietnamese businesses ploughed nearly US$1.3 billion into overseas investment in the first nine months of this year with 66 licenses granted, according to Foreign Investment Agency.
http://www.chinapost.com.tw/business/asia/vietnam/2012/10/22/358516/Vietnam-business.htm
Malaysia ranks 8th in 'service sophistication' :: (ChinaPost.com.tw) - Malaysia's overall level of service sophistication ranked eighth out of 18 countries in the newly introduced Service Development Index (SDI).
http://www.chinapost.com.tw/business/asia/malaysia/2012/10/22/358517/Malaysia-ranks.htm
Hong Kong gov't unloads local currency to curb rise :: (ChinaPost.com.tw) - The Hong Kong Monetary Authority has sold US$603 million worth of Hong Kong dollars in the foreign exchange market in an effort to curb the currency's rise, a report said.
http://www.chinapost.com.tw/business/asia/hong-kong/2012/10/22/358518/Hong-Kong.htm
Strengthening Korean won worsens profitability worries :: (ChinaPost.com.tw) - Concerns are rising that companies' global competitiveness may be weakened as the U.S. dollar recently lost ground against the Korean won, amid the eurozone woes.
http://www.chinapost.com.tw/business/asia/korea/2012/10/22/358519/Strengthening-Korean.htm
EU is 'not interested' in trade war with China :: (ChinaPost.com.tw) - The European Union will not back down from protecting its industries against Chinese competition it sees as unfair, but mutual self-interest will prevent a damaging trade war, the EU's trade chief Karel De Gucht said.
http://www.chinapost.com.tw/business/europe/2012/10/22/358520/EU-is.htm
Troubles grow in Spanish banking rescue :: (ChinaPost.com.tw) - Spain seems condemned to pay for its own banking rescue after Germany flatly refused to let the eurozone's future bank supervisor do so, analysts say.
http://www.chinapost.com.tw/business/europe/2012/10/22/358521/Troubles-grow.htm
Asia offers new potential for palace hotels, high-end goods: luxury group :: (ChinaPost.com.tw) - Asia is the most dynamic market for luxury products and services and is the next target for palace hotels under the brand of Dorchester Collection, company chief executive Christopher Cowdray told AFP in an interview about strategy.
http://www.chinapost.com.tw/business/global-markets/2012/10/22/358522/Asia-offers.htm
BP, Rosneft set for TNK-BP energy deal worth over US$25 bil.: sources :: (ChinaPost.com.tw) - Rosneft and BP are preparing to announce a deal worth over US$25 billion that could give the British oil company a stake of between 16 and 20 percent in the state-controlled Russian energy firm, sources familiar with the situation said.
http://www.chinapost.com.tw/business/global-markets/2012/10/22/358523/BP-Rosneft.htm
EU, Japan urge US to curb reach of derivatives rules :: (ChinaPost.com.tw) - Britain, France, Japan and the European Union have called on the United States to limit the cross-border reach of its new derivatives rules to avoid fragmenting markets at a time of economic weakness.
http://www.chinapost.com.tw/business/europe/2012/10/22/358524/EU-Japan.htm
Euro puts in mixed performance in Asia :: (ChinaPost.com.tw) - The euro was mixed in Asian trade on Monday after Spanish Prime Minister Mariano Rajoy's right-leaning party retained power in his home region despite questions about Madrid's ability to fix its finances.
http://www.chinapost.com.tw/business/global-markets/2012/10/23/358534/Euro-puts.htm
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
Possible gov't funds' entry tames sharp TAIEX decline :: (ChinaPost.com.tw) - Taiwan stocks closed 0.48 percent lower yesterday, after suffering from a bigger drop that was later reversed on speculation government funds have entered the market.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/23/358624/Possible-govt.htm
Western Union unveils 'Jingle Bell Box' campaign :: (ChinaPost.com.tw) - Western Union Financial Services, Inc. has recently announced the Jingle Bell Box promotional campaign to help Taiwan residents celebrate Christmas, it said.
http://www.chinapost.com.tw/business/global-markets/2012/10/23/358626/Western-Union.htm
Hon Hai declines to comment on reports of 'Sakai 10' TV plans :: (ChinaPost.com.tw) - Hon Hai Precision yesterday declined to comment on reports that it will sell its 60-inch LCD TVs under the brand of "Sakai 10," after Sharp's Osaka, Japan plant in which Terry Gou, Hon Hai chairman, has a stake.
http://www.chinapost.com.tw/business/global-markets/2012/10/23/358627/Hon-Hai.htm
Taiwan consumer confidence lowest in Greater China :: (ChinaPost.com.tw) - Taiwan's consumer confidence is the lowest in the Greater China region, according to a survey released yesterday.
The survey was conducted jointly by Taiwan's Fu Jen University, City University of Hong Kong, Central University of Finance and Economics and Capital University of Economics and Business in China, as well as Macau University of Science and Technology.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/23/358628/Taiwan-consumer.htm
Ting Hsin hires executive of McDonald's Asia-Pacific arm :: (ChinaPost.com.tw) - Ting Hsin International Group has hired Lee Ming-yuan, deputy chief executive of McDonald's Asia-Pacific operations, as its deputy CEO to expedite the group's expansion in China.
http://www.chinapost.com.tw/business/global-markets/2012/10/23/358630/Ting-Hsin.htm
Boeing aircraft maintenance center to be set up at HK uni :: (ChinaPost.com.tw) - The Hong Kong Polytechnic University confirmed a media report yesterday that it will collaborate with Boeing Co. in setting up an aircraft maintenance and service center in Hong Kong.
http://www.chinapost.com.tw/business/asia/hong-kong/2012/10/23/358632/Boeing-aircraft.htm
Moody's maintains currency sovereign ratings for Taiwan :: (ChinaPost.com.tw) - Taiwan has maintained Aa3 foreign and local currency sovereign ratings and a stable outlook, according to an assessment report released yesterday by Moody's Investors Service.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/23/358633/Moodys-maintains.htm
Australia cuts growth and surplus forecasts :: (ChinaPost.com.tw) - Australia on Monday cut its growth and budget surplus forecasts as worsening global conditions hurt revenues in the mining-driven economy.
http://www.chinapost.com.tw/business/asia/australia/2012/10/23/358635/Australia-cuts.htm
Australian state lifts uranium mining ban, eyes India :: (ChinaPost.com.tw) - Australia's mineral-rich state of Queensland reversed a decades-long ban on uranium mining Monday, citing rekindled interest in the nuclear fuel after Canberra gave the go-ahead to exports to India.
http://www.chinapost.com.tw/business/asia/australia/2012/10/23/358636/Australian-state.htm
IEA chief backs natural gas spot market in Asia :: (ChinaPost.com.tw) - Asia should set up a regional spot market for natural gas trading to reduce its high acquisition costs, the International Energy Agency (IEA) chief said Monday.
http://www.chinapost.com.tw/business/asia/asian-market/2012/10/23/358637/IEA-chief.htm
Mideast oil woes to hit Asia 1st: IEA :: (ChinaPost.com.tw) - Asia will be the first to feel the impact of any Middle East oil supply disruption as regional demand surges, the International Energy Agency (IEA) said Monday.
http://www.chinapost.com.tw/business/asia/singapore/2012/10/23/358638/Mideast-oil.htm
Singapore Airlines puts freeze on hiring of cadet pilots :: (ChinaPost.com.tw) - Singapore Airlines (SIA) said Monday it had temporarily frozen its intake of cadet pilots, as the industry feels the impact of a slowdown in the global economy and high fuel costs.
http://www.chinapost.com.tw/business/asia/singapore/2012/10/23/358639/Singapore-Airlines.htm
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
No comments:
Post a Comment